Shares of Cotiviti Holdings Inc (NASDAQ:COTV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $22.95 and last traded at $22.73, with a volume of 325,565 shares traded. The stock had previously closed at $22.70.

A number of analysts recently issued reports on the company. Credit Suisse Group AG restated a “buy” rating and issued a $25.00 price target on shares of Cotiviti Holdings in a research report on Thursday, July 7th. SunTrust Banks Inc. initiated coverage on Cotiviti Holdings in a research report on Monday, June 20th. They set a “buy” rating and a $24.00 target price for the company. William Blair initiated coverage on Cotiviti Holdings in a research report on Monday, June 20th. They set an “outperform” rating for the company. Robert W. Baird initiated coverage on Cotiviti Holdings in a research report on Monday, June 20th. They set an “outperform” rating and a $24.00 target price for the company. Finally, Royal Bank Of Canada initiated coverage on Cotiviti Holdings in a research report on Monday, June 20th. They set an “outperform” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Cotiviti Holdings presently has an average rating of “Buy” and an average target price of $24.60.

The stock has a market cap of $2.03 billion and a PE ratio of 98.48. The company’s 50-day moving average is $19.68 and its 200 day moving average is $19.68.

In other news, Director James E. Parisi purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 26th. The stock was purchased at an average cost of $18.34 per share, for a total transaction of $91,700.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $91,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Cotiviti Holdings, Inc is a provider of analytics-driven payment accuracy solutions. The Company is focused primarily on the healthcare sector. The Company’s integrated solutions help clients manage payment accuracy in healthcare environment. The Company operates in two segments: Healthcare, and Global Retail and Other.

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